ZAGREB, October 14, 2019 – Croatia recorded the sharpest monthly decline in industrial production in August, while the European Union observed a slight recovery, the EU statistical office Eurostat said on Monday.
In August 2019 compared with July 2019, seasonally adjusted industrial production rose by 0.1% in the EU28 and by 0.4% in the euro area. In July 2019, industrial production fell by 0.1% in the EU28 and by 0.4% in the euro area.
The highest monthly increases in industrial production were registered in Malta (+5.6%), Estonia (+3.9%) and Latvia (+3.0%), while the largest decreases were observed in Croatia (-3.0%), Slovakia (-2.6%) and Lithuania (-2.4%).
Broken down by main industrial grouping, in the EU28, production of energy and non-durable consumer goods fell the most, by 0.6% respectively. In the euro area, the largest declines were observed in the production of durable consumer goods and energy, of 0.4%.
In August 2019 compared with August 2018, industrial production in the EU28 decreased by 2.0%, its largest drop since December 2018. In July 2019 it declined by 1.2% year on year.
At the same time, industrial production in the euro area fell by 2.8%, its sharpest decline since the end of last year. In July 2019 it fell by 2.1% year on year.
The largest decreases were registered in Slovakia (-8.1%), Ireland (-6.2%) and Romania (-6.1%), while the highest increases were observed in Malta (+7.4%), Denmark (+6.6%) and Finland (+4.5%).
In Croatia, industrial production in August 2019, compared with August 2018, fell by 1.7%, while in July 2019 it rose by 2.9% year on year.
Broken down by main industrial grouping, energy production declined the most, by 3.0% in the EU28 and by 3.3% in the euro area. In both areas only production of durable consumer goods increased, by 0.8% in the EU28 and by 0.4% in the euro area.
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